HENKEL SPIC INDIA

Article Abstract:

Henkel Spic India Ltd (HSIL) is a joint venture between Henkel KGaA of Germany and Tamil Nadu Petroproducts Ltd. Its product portfolio includes Henko (a detergent powder and bar), White Giant (detergent) and Zeolite (cleaning agent). HSIL offers premium products at affordable prices through which it has been able to achieve a turnaround. The company was hitherto operating only in South India but will now go national. This is because it is set to acquire the consumer products division of Shaw Wallace with its popular brands like Margo, Chek and Aramusk. (uh) ------------------------------------------------------------ Financial Performance of Henkel Spic India (Rs in crore) ------------------------------------------------------------ Particulars Six months ended Six months ended September 1997 September 1996 ------------------------------------------------------------ Sales 39.15 28.15 ------------------------------------------------------------ Gross Loss 0.49 1.58 ------------------------------------------------------------ Depreciation 2.43 2.40 ------------------------------------------------------------ Net Loss 2.93 3.98 ------------------------------------------------------------ Equity 73.83 73.83 ------------------------------------------------------------ Earnings per share (in Rs) -0.40 -0.54 ------------------------------------------------------------

Comment:

Is the detergents & cleansers mfg co formed by joint venture between Henkel, of Germany, & Tamil Nadu Petroproducts

Strategy & planning, Household Detergents & Cleansers, Cleaning agents, Article, Henkel Spic India Ltd.

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HENKEL SPIC AIMS AT Rs500 Cr TURNOVER IN NEW MILLENNIUM

Article Abstract:

Henkel Spic India Ltd (HSIL) of Chennai a leading firm in the detergent industry has targeted a turnover of Rs500 crore in the early years of new millennium. HSIL has posted a rise in turnover to Rs142 crore in the 18 months period ending September 1998. The production has increased to 43,153 tonnes (21,804 tonnes). The company had accumulated losses of Rs49.44 crore as on September 30, 1998 which exceeded 50 percent of its networth at Rs73.83 crore. The company has proposed to allot preference shares worth of Rs28 crore to Henkel KGaA of Germany during January 1999. This will increase its networth to over 50 percent. It is likely to acquire the consumer products division of Shaw Wallace in the first week of January 1999. (gs)

Comment:

Henkel Spic India Ltd (HSIL) of Chennai a leading firm in the detergent industry has targeted a turnover of Rs500 crore in the early years of new millennium.

Sales, profits & dividends

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HENKEL SPIC TO GO FOR BRAND ACCOUNTING

Article Abstract:

Henkel Spic India Ltd of Chennai, a detergents producer, proposes to adopt brand accounting - an analysis of the expenditure incurred on building a brand. This is being done as Henkel, its German partner, has chalked out big plans for India. Henkel Spic India Ltd is now developing the modalities for the process. It has been able to raise its product range and brands in the past 2 years. Now, it has presence in the detergents and the home care products market. It has a national presence through its 2 lakh outlets. It has been successful in developing loyalty for its brands such as Henko Megastar, Henko Stain Champion detergent powder and Henko bar soap. (ag)

Comment:

Henkel Spic India Ltd of Chennai, a detergents producer, proposes to adopt brand accounting - an analysis of the expenditure incurred on building a brand.

Financial management

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